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Oil Price: The Top 25 Events That Rocked The Cost Of Crude Oil

Sumit Dutta
Posted: 01/01/2015

The oil price has dropped to record lows over the past 12 months but this is a not a new phenomenon. Indeed numerous events through the ages have acted as turning points in the rise and fall of oil prices.

In the interactive timeline below we highlight twenty-five of the most influential milestones that have impacted the cost of the most precious and contentious commodity on earth. Starting at the dawn of the US Civil War we track through to modern day and question whether history is fated to repeat itself.

PEAKS & LOWS: A HISTORY OF WTI CRUDE OIL PRICES SINCE 1861

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THE TOP 25 EVENTS THAT ROCKED THE PRICE OF CRUDE OIL

Scroll left and right to find out what events impacted the oil price in this interactive Oil & Gas IQ timeline


OIL: CRUDE OIL PRICES 1861 - 2014

Below you will find a complete history of the oil prices over the past 150 years. Listed are the unadjusted original prices as well as the prices adjusted for inflation to 2014. Products tracked: 1861-1944 US Average. 1945-1983 Arabian Light posted at Ras Tanura. 1984-2014 Brent dated.e
$ Adjusted

Year$ Unadjusted Price$ Adjusted for Inflation (2014)
18610.4912.86
18621.0524.80
18633.1560.32
18648.06121.50
18656.59101.50
18663.7460.22
18672.4140.66
18683.6364.30
18693.6464.48
18703.8671.97
18714.3485.42
18723.6471.64
18731.8336.02
18741.1724.38
18751.3528.98
18762.5656.68
18772.4253.58
18781.1929.07
18790.8621.76
18800.9523.21
18810.8621.01
18820.7819.06
18831.0025.30
18840.8422.04
18850.8823.09
18860.7118.63
18870.6717.58
18880.8823.09
18890.9424.67
18900.8722.83
18910.6717.58
18920.5614.70
18930.6416.79
18940.8422.89
18951.3638.54
18961.1833.44
18970.7922.39
18980.9125.79
18991.2936.56
19001.1933.73
19010.9627.21
19020.8021.80
19030.9424.67
19040.8622.57
19050.6216.27
19060.7319.16
19070.7218.22
19080.7218.89
19090.7018.37
19100.6115.44
19110.6115.44
19120.7418.08
19130.9522.66
19140.8119.06
19150.6414.91
19161.1023.83
19171.5628.78
19181.9831.10
19192.0127.50
19203.0736.26
19211.7322.87
19221.6122.72
19231.3418.58
19241.4319.79
19251.6822.67
19261.8825.13
19271.3017.71
19281.1716.16
19291.2717.54
19301.1916.86
19310.6510.10
19320.8715.07
19330.6712.23
19341.0017.67
19350.9716.72
19361.0918.61
19371.1819.45
19381.1318.97
19391.0217.37
19401.0217.21
19411.1418.32
19421.1917.27
19431.2016.42
19441.2116.27
19451.0513.80
19461.1213.56
19471.9020.12
19481.9919.56
19491.7817.67
19501.7116.80
19511.7115.57
19521.7115.24
19531.9317.07
19541.9316.98
19551.9317.05
19561.9316.80
19571.9015.96
19582.0817.02
19592.0816.87
19601.9015.17
19611.8014.23
19621.8014.08
19631.8013.91
19641.8013.72
19651.8013.49
19661.8013.12
19671.8012.75
19681.8012.24
19691.8011.62
19701.8010.97
19712.2413.08
19722.4814.04
19733.2917.53
197411.5855.62
197511.5350.74
197612.8053.24
197713.9254.34
197814.0250.91
197931.61103.07
198036.83105.81
198135.9393.57
198232.9780.88
198329.5570.24
198428.7865.58
198527.5660.64
198614.4331.17
198718.4438.42
198814.9229.86
198918.2334.80
199023.7342.97
199120.0034.77
199219.3232.60
199316.9727.80
199415.8225.27
199517.0226.43
199620.6731.19
199719.0928.16
199812.7218.47
199917.9725.54
200028.5039.17
200124.4432.68
200225.0232.93
200328.8337.09
200438.2747.96
200554.5266.09
200665.1476.50
200772.3982.65
200897.26106.94
200961.6768.05
201079.5086.31
2011111.26117.09
2012111.67115.14
2013108.66110.42
201498.9598.95

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____________________________________________________________

Sumit Dutta heads up Marketing at Oil & Gas IQ. Contact him at Twitter or Google Plus

Sumit Dutta
Posted: 01/01/2015